Jordan and the United Arab Emirates want to exceed $ 8 billion in trade …
A comprehensive economic joint venture between Jordan and the United Arab Emirates is considered a comprehensive center in promoting bilateral economic relations, and a standard change towards a long -standing strategy, especially small and medium enterprises to contribute to the investment, to uplift and support the biological sects.
They told the Jordan news agency that items relating to knowledge, digital change and infrastructure development have a direct impact on promoting the competitiveness of the national economy and providing sustainable employment opportunities.
The comprehensive economic joint venture between Jordan and the United Arab Emirates was officially implemented last Thursday.
This agreement is aimed at improving bilateral cooperation between the two brothers and countries in various economic sectors, which will increase the benefit of available opportunities and improve the possibility of coordination in many sectors.
His Majesty King Abdullah and the UAE’s president, Sheikh Mohammed bin Saeed Al -Nahyan, saw that in October last year, the two countries signed a comprehensive economic collective agreement between the two countries.
Jordan and the United Arab Emirates targets by this partnership; After reaching $ 5.6 billion last year, the value of non -oil bilateral trade in 2032 increases by more than $ 8 billion.
Under the contract, customs duties are canceled or eliminated and eliminated business barriers, which improve access to the markets and handle regional and global distribution chains.
Dr. Ahmed al -Hindawi, Chairman of the Jordanian Business Council in Dubai, varies to the Jordan News Agency (Petra), which is the first category of the United Arab Emirates with an Arab country, and is the first comprehensive economic partnership agreement to be enforced at the level of contracts signed by the world.
Non -Oil Between 34 percent of the two countries registered over 34 percent in 2023 reached $ 5.6 billion, which has increased by more than 120 per cent compared to 2019 before entering Corona’s infection, reflecting the strength of economic relations and the interest of the public and private sectors in both countries.
This contract will eliminate or reduce customs duties in most goods and services, and remove business barriers and technical obstacles to trade movement, which helps to access markets and improve bilateral and regional delivery chains.
He added, “This partnership is a high -level economic coordination between the two countries and their interest in raising business and investment ties to serve the interests of the two brothers, and is the fifth largest business partner of Jordan worldwide and the largest foreign investor in the kingdom.”
The value of Emirates in Jordan is estimated at about $ 17 billion, which is a total of $ 22.5 billion in mutual investments between the two countries, including key sectors: real estate, industry, health, education and services.
There are over 300,000 Jordanians living in the UAE, of which have about 15 thousand men and business women, reflecting the strength of human and economic relations between the two countries.
Al -Hindawi expressed the hope that the agreement would be a new platform for coordination and economic cooperation, and as two strategic partners of the two countries in the region, sought to achieve joint growth on the basis of mutual interests and sustainable development.
For his part, Hamdi al -Taba, president of the Jordanian Business Association, is one of the most important economic partners of the United Arab Emirates, and emphasized that he was one of the largest investors of the Kingdom in many major sectors and contributing to national economic growth, especially pharmaceutical industry, agriculture, energy, energy, energy, energy, energy, energy, energy, energy, energy, energy, energy, energy, energy, energy, energy, energy, energy, energy, energy, energy, energy, energy, energy, energy, energy, energy, energy, energy, energy, energy, energy, energy, energy
He pointed out that the amount of Emirates in Jordan was about $ 22.5 billion, and in 2019-2023, the growth rate of trade between the two countries reached 118 percent, strengthened Jordan’s role in the total non-major trade with Arab countries.
He thought that by implementing a set of investment projects worth $ 5.5 billion, a comprehensive economic joint venture between the two countries reflects a strategic action to improve mutual investments and bilateral trade.
“These projects are within the structure that supports the view of economic modernization, and in addition to infrastructure projects, it also contributes to the benefit of the opportunity available, and improves the possibility of coordination in many sectors, especially as a result of gender political challenges in the region.
“This contract is to open the borders to create long -term coalitions between the two countries and the private sector, which confirms the various sectors between the sectors and the development of the industry, especially in the fields of small and medium enterprises, especially in the field of small and medium enterprises, and to improve joint economic growth, to create new jobs for Jordanian youth, and to improve economic benefits. Production of phosphate.
He emphasized the importance of providing habits and tax deductions on the Emirate side, with the intention of implementing the contract without obstacles, as well as improveing communication between the two sides to facilitate the entry and imports of goods.
Al -Taba emphasized the need to provide all possible facilities to Emirate investors in Jordan, to ensure that investment plans are smoothly and efficiently implemented.
This, in turn, is a standard step to improve the cooperation between the public and private sectors in the two countries, and to facilitate trade exchange between them, and such contracts create direct support in achieving foreign markets, and contribute to the removal of export and import operations.
The terms of the contract reflect positive steps that facilitate business cooperation, appreciate the state of the United Arab Emirates as an important country in the region, in turn, as a gateway to other countries.
He assumed that “both Jordan and the United Arab Emirates have to expand new doors to reach their trade relations, and the current contract has led to this, and reflects the level of famous political and economic relations between the two countries.”
He praised the formation of the Joint Cabinet Committee between the Ministries and Commerce in both countries, emphasizing that it would play an important role in resolving the future barriers, and making it easier for public and private sectors to work in accordance with achieving the goals of the contract.
He pointed out that the Jordanian products were widely popular in the Emirates market, and due to their quality and good name, the next stage revealed that the amount of trade exchange between Jordan and the United Arab Emirates will increase.
Reem al -Baktadi, Chairman of the Jordanian Business Women and Labor Board, a comprehensive economic joint venture is a practical embodiment of the point of view of economic modernization in the kingdom, as it focuses on the power of the small and medium -sized corporations, which creates the backbone of the national economy and refers to a total of 89 percent and a total of 89 percent.
This agreement seeks to eliminate habits and non -customers, which are always an obstacle to the flow of Jordanian exports, in addition to mitigating business restrictions and making it easier for markets to enter the practice of goods.
He directly anticipated these measures to improve the ability to market their products of small and medium enterprises, especially in trusted sectors such as food industries, manufacturing and pharmaceutical industry, which will positively reflect their contribution to economic growth.
He has pointed out that the Jordanian youth who can contribute to the international level of contesting at the international level of Jordanian companies will be reinforced in the field of intellectuals, including digital transformation, innovation and export, can contribute to raise the readiness of Jordanian companies to retain their performance in the labor market and raise their performance in the labor market.
Al -Baktadi stressed that the deal was a strategic step to improve the national economy and to increase the competitiveness of Jordanian products in regional and global markets.
Rim Badran, president of the Jordan Partners Organization, is a source of evidence of accelerated economic and geopolitical changes around the world, and the strategic partnership between Jordan and the United Arab Emirates is based on the Arabian cooperation and general interests, based on the Arabian cooperation and general interests.
He emphasized that “the deal does not come from a vacuum, but rather the long history of strong political and economic relations between the two countries, and this relationship spreads to a new phase based on long -term strategic planning.”
He pointed out that the size of Emirates in Jordan until 2024 has crossed the $ 4.6 billion ban, which has been distributed in major sectors such as real estate, energy, tourism and transport.
He pointed out that estimates are 20 percent of the growth of these investments as the contract comes into effect over the next three years, which refers to a strong motivation to the Jordanian economy, trying to improve growth and create sustainable job opportunities.
Distinguishing the contract is not only the quantity of investments, but its quality, the announced items will focus on future sectors such as digital economy, food safety, renewable energy and technology, which are the maximum priority parts of the Jordanian economic modernization projects.
He pointed out that these sectors not only improve the entire economic indicators but also to create a more flexible and flexible economic environment before the crises.
He emphasized that the partnership refers to a model of what the Arab economic relations should be. A joint based on the additional value, the exchange of knowledge and the development of local skills. When investments become tools for creating factories, training young people, and creating infrastructure, they gain real growth character, not just capital flow.
He also stressed that the agreement reflects the general understanding of the Jordanian and Emirates leadership that the political stability cannot be separated from economic development, and said, “At a time when the region see conflicts and turbulence, Jordan and the United Arab Emirates choose a sample on the basis of the development, coordination and benefits of a subordinate position for a subordinate position. A strategic position to the position.
– (Petra)
